Old Republic and Erie were named as the insurance companies with the least volatile earnings, according to the Aon 2004 Insurance Earnings Volatility Study.
The Old Republic International Corp., Chicago, topped the list in commercial lines companies while the Erie Insurance Group, Erie, Pa., was among the top companies in personal lines.
The study measures cumulative earnings in one-, two-, three- and five-year periods ending Dec. 31. More than 80 public companies with commercial, specialty, personal, reinsurance, and life and health lines participated in the study.
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